What does man love more than life, and hate more than death or mortal strife; that which satisfied men want; the poor have, and the rich require; the miser spends, the spendthrift saves, and all men carry to their graves?
For an extra income, John decided to work at a Hotel for one hour daily. The manager offers him that they will pay him $11 after every 11 days.
However, John offered a different proposition to the manager. The offers stand as:
He will be paid just a penny on his first day.
Two pence will be paid on the second day,
Four pence will be paid on the third day.
And so on till the 11th day.